Pew releases clean energy investment report

The Pew Charitable Trusts has published the 2012 edition of its “Who’s Winning the Clean Energy Race?” report. The analysis offers an update of Pew’s reports tracking clean energy investments over the past nine years. Underlying data for the report was combined for Pew by Bloomberg New Energy Finance.

According to Pew, overall investment in the clean energy sector last year was five times greater than it was in 2004. However, 2012 investment levels worldwide decreased by 11 percent from 2011, reaching a level of $269 billion. Looking at the data in three-year increments, Pew said the average clean energy investment has increased by at least $90 billion triennially, averaging $64 million per year from 2004 to 2066, $156 billion per year in 2007 through 2009 and $245 billion per year from 2010 through 2012.

The report notes that global investment in biomass/waste-to-energy, geothermal, marine and small hydro technologies feel by 29 percent to $13.5 billion in 2012. The biofuels sector also experienced a drop of 47 percent from 2011 to 2012, when global investments reached only $2.6 billion.

Source: PEW, April 16, 2013

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